RABAT, MOROCCO / MENA Newswire / – The World Bank has approved $265 million to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a 300-megawatt clean energy facility planned for the country’s north. The financing backs a major storage project designed to help Morocco add more renewable power to its national electricity grid. The project will…
AMMAN, JORDAN / MENA Newswire / – The World Bank approved a US$700 million loan for Jordan to support private investment, job creation and economic reforms. The financing falls under the Jordan Growth and Competitiveness Development Policy Financing II program. It supports steps linked to the country’s Economic Modernization Vision and focuses on business conditions,…
SEOUL, SOUTH KOREA / MENA Newswire / – South Korea’s exports topped US$100 billion in a single month for the first time in June, setting a national record as semiconductor shipments nearly tripled. The Ministry of Trade, Industry and Resources said exports rose 70.9% from a year earlier to US$102.25 billion. Imports climbed 30.1% to…
BENGALURU, INDIA / MENA Newswire / – Indian investigators said one of the country’s largest gold exporters paid its managing director about Rs17,000 a month, roughly $180, despite reporting consolidated revenue of about Rs7.7 lakh crore. The Directorate of Enforcement said it found the pay detail during searches at nine premises in Bengaluru and Mumbai.…
BRUSSELS, BELGIUM / MENA Newswire / – Chinese Commerce Minister Wang Wentao will visit Brussels on Monday, June 29, for talks with European Trade Commissioner Maroš Šefčovič, the European Commission said. The meeting places China EU trade relations back at the center of the bloc’s economic agenda. It follows recent EU leader discussions on trade…
TOKYO / MENA Newswire / – Japan’s Nikkei 225 rose above 72,000 for the first time on Monday, setting a fresh record as Tokyo equities extended a sharp June rally. The benchmark share average gained 1.4 percent to 72,247.21 in morning trade. It earlier touched an intraday peak of 72,269.64. The move marked another major…
Travel
SEOUL, SOUTH KOREA / MENA Newswire / – Foreign tourist spending in South Korea reached a record 1.41 trillion won, or about $911 million, in May, as inbound card use rose sharply from a year earlier. The Korea Tourism Organization said spending by foreign visitors increased 73.7 percent year on year. May also marked the third…
ACCRA, GHANA / MENA Newswire / – Emirates will add four weekly flights between Dubai and Accra from July 12, increasing its Ghana service to 11 flights a week. The added Dubai Accra flights will operate with the airline’s existing daily service. The move expands seat capacity on one of the airline’s West Africa routes and…
DUBAI, UAE / MENA Newswire / – Emirates has launched Comprehensive Travel Cover, a paid travel insurance product that expands protection for passengers facing medical, baggage and trip disruption risks. The Dubai airline said the product became available on June 17. Emirates described it as the first airline travel cover of its kind at this level.…
ABU DHABI, UAE / MENA Newswire / – Etihad Airways and the Department of Culture and Tourism Abu Dhabi have launched complimentary medical travel insurance for international visitors flying to or through Abu Dhabi. The cover applies to eligible guests travelling on Etihad operated flights from July through December 2026. The programme adds medical insurance to qualifying tickets…